Apple, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apple, Inc. (NASDAQ:AAPL) will unveil its latest earnings on Tuesday, July 19, 2011. Apple Inc. offers a range personal computers, mobile devices, and portable digital music and video players. The company also sells related software, services, peripherals, and networking solutions.

Apple, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $5.72 per share, a rise of 63% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $5.27. Between one and three months ago, the average estimate moved up, and has risen from $5.63 during the last month. For the year, analysts are projecting net income of $24.87 per share, a rise of 64.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by $1.05, reporting profit of $6.40 per share against a mean estimate of net income of $5.35 per share.

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Wall St. Revenue Expectations: On average, analysts predict $24.72 billion in revenue this quarter, a rise of 57.5% from the year ago quarter. Analysts are forecasting total revenue of $103.6 billion for the year, a rise of 58.8% from last year’s revenue of $65.22 billion.

Analyst Ratings: Analysts are bullish on this stock with 41 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 66.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 88.3% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 94.8% while it rose 77.7% in the first quarter and 2.7% in the fourth quarter of the last fiscal year.

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Adobe Systems Incorporated (NASDAQ:ADBE), Intl. Business Machines Corp. (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Super Micro Computer, Inc. (NASDAQ:SMCI), and Nokia Corporation (NYSE:NOK).

Stock Price Performance: During April 15, 2011 to July 13, 2011, the stock price had risen $30.56 (9.3%) from $327.46 to $358.02. The stock price saw one of its best stretches over the last year between March 29, 2011, and April 6, 2011, when shares rose for seven-straight days, rising 3.8% (+$12.92) over that span. Shares have been on a negative streak of late, closing down every day between July 12, 2011 and July 13, 2011. Shares are up $35.46 (+11%) year to date.

(Source: Xignite Financials)

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